Home Mortgage Lenders Gallup NM

With the money borrowed from the home mortgage lenders at banks, a home buyer can own a house without paying much money up front. See below to learn more and to gain access to home mortgage lenders in Gallup and information on home mortgage rates, home loans, and mortgage calculators.

Lucasvigil Insurance Agency Inc
(505) 722-4576
607 West Aztec Avenue
Gallup, NM
 
Bank Of America
(505) 722-8732
1006 W Aztec Ave
GALLUP, NM
Services
Mortgage Brokers

Access Bank
(505) 722-4394
101 West Hill Avenue
GALLUP, NM
Services
Mortgage Brokers

Western Bank
(505) 722-4411
307 West Aztec Avenue
GALLUP, NM
Services
Mortgage Brokers

Fast Action L.L.C.
(505) 863-9918
Gallup, NM
 
Wells Fargo Financial
(505) 863-3881
915 Metro Ave Spc 13
GALLUP, NM
Services
Mortgage Brokers

Mister Money Payday Loans
(505) 726-1901
1381 Highway 491
Gallup, NM
 
Bank of America - Banking Centers- Gallup- TSE Bonito
(505) 722-8627
State Highway 264
GALLUP, NM
Services
Mortgage Brokers

Active Investor''s Mortgage CO Inc
(505) 722-4220
210 East Aztec Avenue
GALLUP, NM
Services
Mortgage Brokers

Carneyvidal Insurance Agency
(505) 863-6877
1628 South 2nd Street
Gallup, NM
 

Energy Efficient Mortgages (Part 2)

An energy efficient mortgage acknowledges that homes that are energy efficient generally cost homeowners less to maintain on a monthly basis as oppose to other standard homes. Buying a energy efficient home allows a homebuyer to be able to spend money on other items for the house because their energy bills will be reduced. Energy Efficient Mortgages (EMM) allows borrowers to take out bigger mortgages because their monthly energy expenses on a energy efficient home won’t be as expensive meaning that they will most likely be able to pay the loan off faster. With a EEM you can also take a standard home and make it energy efficient.

How can a EEM benefit a borrower?

There are several ways a borrower can benefit by taking out an EEM. Well, first the borrower’s income and the estimated energy savings are analyzed allowing the borrower to qualify for a larger mortgage loan. Also the borrower’s buying power is increased permitting the borrower to include the total cost of any energy improvements into the total mortgage loan amount. Then because of the energy improvements the house value is increased.
 

Can Your Home Qualify for A EEM?

Energy Efficient Mortgages can be used for newly constructed homes. Your home must be a single-family, a owner occupied residential , a one unit house or a condominium in order to qualify for a EEM. Before you can take out a EEM you must first have a RESNET report evaluation. The RESNET report determines your home energy efficiency in it’s current state. After a RESNET report is done then you will receive a energy home rating. A energy home rating measures your home energy efficiency. A home energy rater that’s accredited by the RESNET rating system will conduct a home inspection. They will look at things like your home heating and cooling system, window to wall ratios and insulation levels just to mention a few. Then you will receive a energy rating score between 1 to 100.
 
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New Mexico Mortgage Licensing Body

Website: www.rld.state.nm.us

Phone: (505) 476-4885

State: New Mexico

Licensed By: Regulations and Licensing Dept. Division of Finance

Additional Info: Regulations and Licensing Dept. Division of Finance - (505) 476-4885 http://www.rld.state.nm.us/ (NM is licensed through the NMLS)